DP World, the world’s third largest container terminal operator, may face a 20 percent drop in container throughput this year at the five terminals that it operates in India, in tune with the trend being experienced by other major ports in the country due to the downturn, the Hindu Business Line reported.
The container terminal operator may end 2009 with a throughput of about 3.5 million TEUs, which is about 18 percent to 20 percent lower than its combined throughput last year.
Capt Anil Singh, Managing Director of DP World (subcontinent region), was, however, hopeful that 2010 will get back the throughput levels of last year.
While continuing with its expansion plans in India, DP World India is at the moment “standing back and waiting for the turnaround to happen,” he said.
“There is no slowing down on our expansion plans and our appetite for expansion has not diminished. It is only that this period has given us time to think. There is enough potential for development of additional container terminal capacities in India.”
The container terminal operator may end 2009 with a throughput of about 3.5 million TEUs, which is about 18 percent to 20 percent lower than its combined throughput last year.
Capt Anil Singh, Managing Director of DP World (subcontinent region), was, however, hopeful that 2010 will get back the throughput levels of last year.
While continuing with its expansion plans in India, DP World India is at the moment “standing back and waiting for the turnaround to happen,” he said.
“There is no slowing down on our expansion plans and our appetite for expansion has not diminished. It is only that this period has given us time to think. There is enough potential for development of additional container terminal capacities in India.”